Initial Conversion Price definition

Initial Conversion Price has the meaning specified in Section 13.01.

Initial Conversion Price shall have the meaning set forth in Section 4(b).

Initial Conversion Price means (i) with respect to each share of Preferred Stock issued on the Original Issuance Date, $41.26 per share of Common Stock and (ii) with respect to each share of Preferred Stock issued as payment of a Preferred Dividend in accordance with Section 4, the Conversion Price in effect immediately prior to the issuance of such share.

Examples of Initial Conversion Price in a sentence

• The price at which shares of Common Stock shall be delivered upon conversion of Securities of a series (herein called the “conversion price” for Securities of such series) shall be initially the Initial Conversion Price for Securities of such series per share of Common Stock.

• However if the conversion price for the common stock on the Clearing Date (defined below) is lower than the Initial Conversion Price, then the Initial Conversion Price shall be adjusted such that the Discount shall be taken based on the Clearing Date, and the Company shall issue additional shares to Purchaser to reflect such adjusted Conversion Price, with such additional issuance being subject to the limitation on conversion as set forth in 2.11, below.

• The Company shall initially reserve out of its authorized and unissued shares of Common Stock a number of shares of Common Stock for each of this Note and the Other Notes equal to the Conversion Rate determined using the Initial Conversion Price as the Conversion Price, with respect to the Conversion Amount of each such Note as of the Issuance Date.

• The Initial Conversion Price is subject to adjustment on the occurrence of dilutive or concentration event.

• This Convertible Note is convertible into fully paid and non-assessable shares of Maker's common stock, $.001 par value ("Common Stock"), at the rate of one (1) share of Common Stock for each Twenty-Five Cents ($0.25) ("Initial Conversion Price") of principal amount so converted.

More Definitions of Initial Conversion Price

Initial Conversion Price when used with respect to any Security, means the price at which the Common Stock shall be delivered upon conversion of such Security, prior to any adjustment of such price as provided herein.

Initial Conversion Price means $0.75.

Initial Conversion Price means $26.92 per share of Common Stock.

Initial Conversion Price means $1.25, the Conversion Price on the Effective Date.

Initial Conversion Price means $19.00 per share, subject to adjustment from time to time pursuant to Section 6(d) hereof.

Initial Conversion Price means $2.70.

Initial Conversion Price means $3.00 (as adjusted for any split, subdivision, combination, consolidation or reclassification of the Common Stock).